Law No. 1.535 of December 9, 2022 aims to strengthen the anti-money laundering system.<\/p>\n
The law has clarified that the \u00ab\u00a0things\u00a0\u00bb seized or confiscated can be tangible or intangible assets such as values.<\/p>\n
The following modifications have been made to various Monegasque texts :<\/p>\n
– Amendment of Article 122-2 of the Criminal Code <\/strong>: the seizure of assets solely for confiscation has been extended to all offenses related to criminal acts (such as fraud, corruption, influence peddling, and money laundering) ;<\/p>\n – Amendment of Article 12 of the Criminal Code<\/strong>, which opens up the possibility of seizures and confiscation of \u00ab\u00a0criminal, correctional and simple police\u00a0\u00bb matters as a common and general penalty for all \u00ab\u00a0underlying\u00a0\u00bb offenses ;<\/p>\n – Creation of Article 95 in the Law of June 24, 2013<\/strong>, creating a service for the management of seized or confiscated assets placed under the authority of the Director of Judicial Services ;<\/p>\n – Creation of Article 33 of the Code of Civil Procedure<\/strong>, establishing specialized assistants participating in money laundering procedures.<\/p>\n","protected":false},"excerpt":{"rendered":" Law No. 1.535 of December 9, 2022 aims to strengthen the anti-money laundering system. The law has clarified that the \u00ab\u00a0things\u00a0\u00bb seized or confiscated can be tangible or intangible assets such as values. The following modifications have been made to…<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"post_series":[],"yoast_head":"\n